According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 3.06% per year. Prices in 2016 are 2343.4% higher than prices in 1910.
In other words, $450,000 in 1910 is equivalent in purchasing power to $10,995,149.04 in 2016, a difference of $10,545,149.04 over 106 years.
The inflation rate in 2016 was 1.26%.
|Cumulative price change||2343.37%|
|Average inflation rate||3.06%|
|Converted amount ($450,000 base)||$10,995,149.04|
|Price difference ($450,000 base)||$10,545,149.04|
|CPI in 2016||240.007|
Politics and news often influence economic performance. Here's what was happening at the time:
Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (CPI), established in 1913. Inflation data from 1665 to 1912 is sourced from a historical study conducted by political science professor Robert Sahr at Oregon State University.
You may use the following MLA citation for this page: “$450,000 in 1910 → 2016 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 20 Jun. 2018, https://www.officialdata.org/1910-dollars-in-2016?amount=450000.